Bidya Sapam

Tata Sons to acquire promoters’ 6.64% stake in Indian Hotels Company

Tata Sons Ltd will acquire shares of Sir Dorabji Tata Trust, Lady Tata Memoral Trust and Sir Ratan Tata Trust.

Tata to reshuffle realty, infra businesses in bid to simplify structure

Sanjay Dutt, chief of India arm of Singapore-based real estate developer Ascendas-Singbridge has been named MD of Tata Realty and Infrastructure.

India: Real estate firm Puravankara in talks to set up two investment platforms

The BSE-listed firm would be using the two funds to finance its new pipeline of affordable housing projects and also to build a sizeable commercial rental portfolio within the next five years.

India Budget 2018: Affordable housing fund under NHB on cards

The 2017 budget had proposed to assign infrastructure status to affordable housing projects and facilitate higher investments.

India: Piramal Enterprises to bid for debt-laden companies across sectors

Last year, Piramal Enterprises had announced a $1 billion distressed asset investment platform in association with Bain Capital Credit.

Indian hospitality space sees PE deals jump three-fold to $119m in 2017

Hotel deals, including mergers and acquisitions, are likely to pick up further in 2018.

India: Brigade Enterprises may list proposed hotel unit as REIT

Brigade is in the process of moving all its hotel assets into a separate unit. It is also seeking private equity investment in the new unity.

India: K. Raheja to invest $186.8m to develop IT parks in Chennai

The first project, which is currently being built over 6 acres of land at Porur, in Chennai, would have 1.1 million sq. ft.

India: KKR commits $30m in Kolte-Patil’s township

The overall development area of the township is around 24 million sq. ft.

India: Brookfield in talks with Essar Group to acquire Equinox Business Park

The talks with Brookfield comes in after Rs2,400-crore deal with realty firm RMZ Corp. fell through last month